Nordic Investment Bank Chief Executive Officer André Küüsvek speaks on Bloomberg Television as the Helsinki-based multilateral lender owned by the five Nordic and three Baltic countries formally added resilience, security and defense into its strategy. "We are in discussions with around 30 other potential borrowers and counterparts with a gross pipeline of about 1.2 billion worth of projects today on the table," Küüsvek says.
The premium that France pays to borrow over Germany, among the most-closely watched bond risk gauges, is near the highest since the days of Europe's sovereign debt crisis in 2012. Nerves are also spilling into France's stock and corporate debt markets, fueling underperformance versus international peers. Bloomberg's Alice Gledhill reports.
The rise in real yields, which is outpacing that of nominal and breakeven rates, has "a little bit more room to run," says Laura Cooper, global investment strategist at Nuveen. "The key catalyst going forward will be that August inflation print," Cooper tells Bloomberg Television. "We're going to be driven more by data in the next coming weeks."
UBS scored an interim win in its multi-year struggle against Switzerland's push to make it hold billions of extra dollars in capital. This comes as lawmakers from the key Economic Affairs and Taxation Committee of the upper house said the bank should be able to use convertible debt, known as AT1s, for as much as 50% of the extra requirement, provided that those instruments are reformed. Bloomberg's Jan-Henrik Foerster reports.
The Monetary Authority of Singapore (MAS) has opened a public consultation on proposed stablecoin rules under the Payment Services Act.
Wallets holding 100–1,000 Bitcoin (CRYPTO:BTC) accumulated 73,300 BTC over 60 days through August 31, according to Amar Taha.
Anna Edwards, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Aquifer, a Solana (CRYPTO:SOL)-based automated market maker, lost about US$2.5 million in a hack.
Stablecoin-linked card spending reached a record US$1.076 billion in August, according to PaymentScan data.
ANZ FX Research Head Mahjabeen Zaman joins Horizons Middle East and Africa to discuss the outlook for the yen, the prospect of Bank of Japan rate hikes and potential currency intervention. She also weighs the global bond selloff, Federal Reserve policy and the medium-term outlook for the dollar.
Intercontinental Exchange will invest in tZERO as part of plans for a tokenised securities platform.
Polymarket is reportedly raising US$1 billion at a US$21 billion valuation, with 1789 Capital leading the round.
